Description
Book SynopsisAs F Scott Fitzgerald wrote in The Great Gatsby, “the rich are different” and face unique challenges – this is perhaps especially true today. Countries are racing to disclose bank accounts to garner more tax income and the politics of being in the “1% club” are not always positive. Yet these are important clients with important needs. This comprehensive new handbook, featuring contributions by leading private client advisers, includes chapters on topics including: •the importance of having a detailed, organised balance sheet; •buying very substantial properties; •choosing a country of residence; •managing cross-border taxes; •protecting assets from marital claims; •understanding trust documents; •creating a private trust company; and •setting up a family office. In addition, this book explores risk and reputation management, addresses diminished capacity and provides an evaluation of the wealth infrastructure, the philanthropic framework and the future of global investing. Edited by Barbara Hauser, Editor of The International Family Offices Journal and the new edition of Family Offices: The STEP Handbook for Advisers, this new handbook will provide essential reading for all private client advisers, wherever they are based.
Trade ReviewAdvising the Wealthy Client covers many of the crucial areas for advisors to know about and implement in their work. It is a welcome addition at a time when both family wealth and the world are becoming ever more complex. -- James Grubman PhD
Table of ContentsIntroduction Barbara R Hauser Independent family adviser Overview of global situation for private wealth Joseph A Field Pillsbury Winthrop Shaw Pittman LLP Inventory and comprehensive consolidated balance sheet Asher Noor AlTouq Group Special assets purchase and maintenance: purchase of substantial properties Jeremy McGivern Mercury Homesearch Managing insurable risks Linda Bourn Crystal, Alliant Private Client General risk preparedness John Deverell thepreparedmind.net Choice of residence Nicola Saccardo Maisto e Associati Management of taxes Jeremy Arnold Withersworldwide Reputation management Charlie Bain Digitalis Protection from marital claims Simon Bruce Farrer & Co Review of all trust documents Gail Cohen Gerry Joyce Fiduciary Trust Company Consider creating a private trust company Advantages of a family office Barbara R Hauser Independent family adviser Addressing diminished capacity The philanthropic framework Melissa A Berman Rockefeller Philanthropy Advisors Global investment future views Craig Pearson Private Wealth Systems The essential infrastructure for wealth preservation Natasha Pearl Aston Pearl
